OpenAI closes largest VC round of all time

Welcome back to the week in review. This week we’ll cover OpenAI’s $6.6 billion fundraising round, the fifth Cybertruck retirement in lower than a yr, and the interesting project that’s Shazaming songs you possibly can hear on the road in San Francisco. Let’s get on with it.

OpenAI closed the largest VC round of all time this week. The startup announced that it has raised $6.6 billion in a funding round that values ​​OpenAI at $157 billion post-money. The recent money, led by previous investor Thrive Capital, brings OpenAI’s total to $17.9 billion, in response to Crunchbase. As part of the round, OpenAI also secured a large credit line.

ElevenLabs was contacted by existing and recent investors in regards to the recent round, which could value the corporate at as much as $3 billion, TechCrunch has learned. The two-year-old company makes a speciality of creating AI tools to generate synthetic voices for audiobook narration, in addition to real-time video dubbing into other languages.

Elon Musk’s X is now value less that is greater than 1 / 4 of the $44 billion purchase price, in response to recent investor estimates from Fidelity. The asset manager’s Blue Chip Growth Fund currently values ​​its stake in X at roughly $4.19 million, which implies it currently values ​​X in total at roughly $9.4 billion.

News

Another Cybertruck memory: This time since the image from the reversing camera could also be delayed by two seconds when reverse gear is engaged, and the display could also be blank for as much as eight seconds when the vehicle is reversing. Read more

Generate Infinite Moo Dengs: Meta’s latest Movie Gen model turns text prompts into short, relatively realistic movies with sound. This is solely an AI research concept and, correctly, Meta will not be making it publicly available. Read more

SB 1047 vetoed: California Governor Gavin Newsom vetoed the controversial artificial intelligence bill SB 1047. The bill, which might hold corporations accountable for implementing security protocols, was opposed by many in Silicon Valley, including OpenAI. Read more

Analyze this: Meta explained that while images and videos captured with Ray-Ban Meta are usually not used to coach the AI, these media are subject to a very different set of rules whenever you ask Meta AI to investigate them. Read more

Sounds of San Francisco: A solar-powered box with an Android phone running Shazam was installed on a street pole in San Francisco 24/7 to discover bops within the wild. The songs are uploaded to the web site so you possibly can take heed to the sounds of town wherever you’re. Read more

Safer VPN: The best encrypted VPN is one you arrange and secure yourself, not one from a paid VPN service. Here’s a handy guide on make one in quarter-hour. Read more

Unproductive note-taking app: Napkin is an iOS note-taking app that desires to face out from the remainder by specializing in mindfulness and mental well-being slightly than productivity and usefulness. Read more

Clearance for Y combinator: Y Combinator is criticized for supporting PearAI. The startup’s founder openly said that it was a cloned copy of one other project, but PearAI’s mistake was to incorporate its own invented closed license for the project written by ChatGPT. Read more

Make iOS 18 give you the results you want: iOS 18 brings significant changes to Control Center – including the flexibility to make use of third-party apps. Here are some iOS 18-ready apps that could make Control Center more useful. Read more

A brand new option to interact with ChatGPT: OpenAI has a brand new “Canvas” workspace that enables users to generate text or code and have the model suggest changes and supply feedback for a more collaborative workflow. Read more